Economic Experiments *
Economic Experiments *
This chapter compares capitalist and socialist economies from the perspective of the freedom to experiment as the hallmark of technological change. It argues that freedom to conduct experiments is essential to all societies committed to technological innovation or improved productive efficiency. Historically, capitalism has provided multiple sources of decision making and initiative, incentives for processing one step at a time, and the possibility for drawing upon a wide range of human potential. The result has been an extraordinary pattern of organizational diversity. Any serious effort to make socialist societies more amenable to technological change has only proved possible to the extent that such societies have been made more capitalistic.
Keywords: capitalism, socialism, technological innovation, experimental freedom, organizational diversity
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
